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Explorer Expands Mineralized Footprint at Idaho Project, Plans to Drill Through Winter

November 19, 2021 (Investorideas.com Newswire) “Today’s results from Liberty Gold show the growth potential inherent in the providence of the gold mineralized system on the project area,” noted a Haywood Securities report.

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Liberty Gold Corp.’s (LGD:TSX; LGDTF:OTCQB) reconnaissance and stepout drilling in the Rangefront Focus Area (RFA) at its Black Pine project “unveiled a much larger gold mineralized footprint that extends well beyond the bounds of the pit-defined resources,” Haywood Securities analyst Geordie Mark reported in a Nov. 16 research note.

Specifically, early-stage drilling in the RFA encountered gold mineralization near surface at to depth. Drilling also extended the mineralized system there to 1,000 meters (1,000m) in the north-to-south direction and 800m, east to west.

Additionally, geochemical analysis of the drill results revealed intersections of higher gold grades to depth and suggested they continue into the Middle Plate siliciclastic units, Mark noted.

“These data support our thesis for the presence of a much larger gold mineralized system currently defined within the prevailing resources,” he commented.

The Canada-based explorer intends to follow up these findings by drilling throughout the winter. With three rigs active, the company aims to further test the continuity and grade potential of the RFA area.

“More targeted drilling [is] expected to demonstrate further growth over the near term,” Mark wrote.

Subsequent steps for Liberty Gold are to update the resource estimate, expected in Q2/22, and then complete a preliminary economic assessment, due out in Q3/22.

As for the company’s shares, Mark noted they are trading at an attractive valuation given that Liberty continues to derisk Black Pine through metallurgical work and drilling. Haywood has a Buy rating and a CA$2.75 per share target price on Liberty Gold Corp. Its current share price, in comparison, is CA$1.23.

Disclosures:

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Liberty Gold Corp. Click here for important disclosures about sponsor fees.

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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Liberty Gold Corp., a company mentioned in this article.

Disclosures from Haywood Securities, Inc., Liberty Gold Corp., Exploration Update, Nov. 16, 2021

I, Geordie Mark, hereby express that the views expressed in this report (which includes the rating assigned to the issuer’s shares as well as the analytical substance and tone of the report) accurately reflect my/our personal views about the subject securities and the issuer. No part of my compensation was, is, or will be directly or indirectly related to the specific recommendations.

Haywood Securities, Inc. has reviewed lead projects of K92 Mining Inc., Liberty Gold Corp., Osisko Mining Corp., and Pure Gold Mining Inc. and a portion of the expenses for this travel have been reimbursed by the issuer.

Haywood Securities, Inc. or one of its subsidiaries has managed or comanaged or participated as selling group in a public offering of securities for Osisko Mining Corp. and Pure Gold Mining Inc. in the past 12 months.

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